This morning Prime Minister John Key visited the Buddhist Wat Pho Temple and received a blessing that he would be the eternal Prime Minister.
Mr Key who is currently in Thailand for trade talks took out time to visit the temple and know about a bit of the country's religious history. Mr Key visited with his wife Bronagh, and were taken around by monk Phrasuthi Thammanawat.
The BNZ-BusinessNZ performance of services index rose 1.8 points to 58.2 last month, This is the highest September reading since the survey started in 2007. A reading over 50 indicates increase in activity.
The best way to boost New Zealand's prosperity will be by increasing the value of goods exported says Kiwi commentators.
As late Sir Paul Callaghan in his book, Wool to Weta had highlighted in 2009, one of the more distressing effects of this country's relatively low level of per capita gross domestic product (GDP), which has fallen well behind Australia's over the past 40 years.
The Kiwi climbed to 82.86 US cents at 5pm in Wellington from 82.55 cents from 82.32 cents yesterday. The trade-weighted index advanced to 77.43 from 77.07.
Having got a lift from encouraging domestic data and renewed expectations the U. S. Federal Reserve will keep its stimulus in place for longer.
The kiwi dollar dropped as low as 81.66 US cents after a volatile session that saw it fall to an eight-week low against the U. S. dollar following comments from the Reserve Bank of New Zealand governor (RBNZ).
In late Wellington trading, the New Zealand dollar was at US$0.8229 versus US$0.8230 late Tuesday, after swinging to an eight-week low of US$0.8169. It was at A$0.8844 compared with A$0.8817.
New Zealand economy has made an uphill move in the last year and most commercial businesses are expecting earnings to grow in the next year. ANZ's Privately-owned Business Barometer questioned 3000 businesses across the country and found that most of them were expecting an upward leap in business.
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